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Integrating Sustainability Into A Goal Programming Exercise

Author

Listed:
  • Michael Godfrey
  • Andrew Manikas

Abstract

This paper discusses a sustainability exercise for use in a management science course. Specifically, we discuss an exercise using goal programming and Excel Solver for making supplier selection decisions incorporating a triple bottom line approach (economic, environmental and social performance objectives). The multiple, conflicting objectives and the qualitative nature of the social performance objective require the use of multi-criteria decision-making. Our goal programming exercise requires only Excel and could be expanded to include additional triple bottom line criteria.

Suggested Citation

  • Michael Godfrey & Andrew Manikas, 2014. "Integrating Sustainability Into A Goal Programming Exercise," Business Education and Accreditation, The Institute for Business and Finance Research, vol. 6(1), pages 45-54.
    • Handle: RePEc:ibf:beaccr:v:6:y:2014:i:1:p:45-54
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    References listed on IDEAS

    as
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    5. Norman, Wayne & MacDonald, Chris, 2004. "Getting to the Bottom of “Triple Bottom Line”," Business Ethics Quarterly, Cambridge University Press, vol. 14(2), pages 243-262, April.
    6. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    7. Romero, Carlos, 2004. "A general structure of achievement function for a goal programming model," European Journal of Operational Research, Elsevier, vol. 153(3), pages 675-686, March.
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    Keywords

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    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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